K. Todd Evans - 01 Aug 2022 Form 4 Insider Report for Franchise Group, Inc. (TAX)

Role
CHIEF FRANCHISING OFFICER
Signature
K. Todd Evans
Issuer symbol
TAX
Transactions as of
01 Aug 2022
Net transactions value
-$66,617
Form type
4
Filing time
03 Aug 2022, 16:11:48 UTC
Previous filing
24 Feb 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG FRGAP Common Stock Options Exercise +6,720 +100% 13,441 01 Aug 2022 Direct F1, F2
transaction FRG FRGAP Common Stock Tax liability $66,617 -2,023 -15% $32.93 11,418 01 Aug 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FRG FRGAP Restricted Stock Units Options Exercise $0 -6,720 -50% $0.000000 6,720 01 Aug 2022 Common Stock 6,720 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock units into Common Stock. On August 1, 2020, the reporting person was granted 20,161 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on August 1, 2022. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on August 4, 2020.
F2 Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F3 Reflects 2023 shares withheld by Issuer at market price of $32.93 per share to fund the payment of taxes for the conversion.
F4 This restricted stock unit award was granted on August 1, 2020 and one-third of the restricted stock units vested on August 1, 2022.